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AFC Energy enters into MOU wi
AFC Energy enters into MOU wi.
About this update from H-power Plc
[{"type":"text","content":"\n RNS Number : 3184G AFC Energy Plc 29 January 2010 \n \nAFC Energy PLC\n('AFC Energy' or the 'Company')\n\nAFC Energy enters into memorandum of understanding with WSP Group\nfor future power station deployment.\n \nAFC Energy, the low cost fuel cell provider, is pleased to announce that it has entered into a binding memorandum of understanding (\"MOU\") with WSP Environmental Limited (trading as WSP Environment and Energy) and its sister company CEL International Ltd, an engineering, procurement and construction management (\"EPCM\") provider, under which they will begin contributing a range of services to AFC Energy in preparation for full scale deployment of fuel cell power stations. \n\nBoth WSP Environment and Energy and CEL International are part of the WSP Group plc (LSE: WSH). AFC Energy and WSP Group had previously announced on 7th January 2010 their intention to work together on a SuperGreen Power Station, a showcase demonstration of the Company's fuel cell.\n\nThe services provided by WSP Group under the MoU will include: investigations into legislative requirements, planning issues and engineering matters as well as assistance with product assembly requirements and other manufacturing operations - including assistance with the production of component parts and final assembly operations.\n \nAFC Energy consider WSP Group to be a primary partner for deploying its fuel cell systems, specifically where the electricity supply company (\"ESCO\") model or leasing model is utilised. WSP Group has offices in Brisbane and will support the initial deployment of an Alpha fuel cell system to Linc Energy's Chinchilla plant on behalf of the Company.\n \nIan Balchin, AFC Energy, Chief Executive said, \n\n\"This is a significant relationship for AFC Energy. Our technology is progressing rapidly towards commercialisation with an array of deployment opportunities now in place with Akzo Nobel, Ineos Chlor Vinyl, Linc Energy, Centrica and Waste2Tricity. The relationship with WSP Group provides the operational deployment resource to enable the technology to be physically delivered to the end user, efficiently and quickly.\"\n \nStuart McLachlan,Managing Director of Global Operations for WSP Environment & Energy said,\n\n\"WSP is an organisation that prides itself as being i...